Profits at Centerview Partners, the boutique investment bank, slipped by 45% at its UK operation in the year to the end of March, as advisory fees fell by a third from the previous year.

The bank, which was founded by managing partners Blair Effron and Robert Pruzan in 2006, made £35.8m in advisory fees in the UK for the year to 31 March 2019, according to accounts for Centerview Partners UK Holdings Ltd filed on Companies House this week.